[image: Infosys]IT bellwether Infosys [ Get Quote<http://portfolio.rediff.com/quotes/infosys+technologies+ltd>] is investing about Rs 2,500 crore (Rs 25 billion) to set up its seventh SEZ in Sarjapur near Bangalore, the company's official spokesperson said.
The SEZ would have about 18,000 seats and will be operational by end-March 2011. "Infosys has acquired 202 acres of land in Sarjapur, near Bangalore, to build an SEZ. "The total investment earmarked for the project is Rs 2,500 crore and work is expected to begin in August-September this year. It is targeted to get operational by end-March 2011. The facility will generate 18,000 employment opportunities," the company spokesperson told PTI in an e-mail interaction. This would be the company's seventh SEZ project. It presently has facilities in Jaipur [ Images<http://search.rediff.com/imgsrch/default.php?MT=jaipur>], Chennai, Chandigarh, Pune, Mangalore and Thiruvananthapuram. The IT major plans to expand its seat capacity in these centres by 25,000 in the current fiscal. On queries about acquisition plans and new verticals, the company said that it was open for inorganic growth in emerging markets. "We are continuously looking for acquisitions and have certain profiles of what kind of a company we want. If an opportunity arises, we will go for it," Infosys' CEO and managing director, S Gopalakrishnan, said. Banking and retail verticals would be the growth-drivers, he added. -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
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